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The Performance of Stock Portfolios: Evidence from Analysing Malaysia Case, and Implication for Open Innovation

التفاصيل البيبلوغرافية
العنوان: The Performance of Stock Portfolios: Evidence from Analysing Malaysia Case, and Implication for Open Innovation
المؤلفون: Ariful Hoque, Sharmeen Rakhi, Kamrul Hassan, Thi Le
المصدر: Journal of Open Innovation: Technology, Market and Complexity, Vol 6, Iss 178, p 178 (2020)
بيانات النشر: Elsevier, 2020.
سنة النشر: 2020
المجموعة: LCC:Management. Industrial management
LCC:Business
مصطلحات موضوعية: Islamic portfolio, stochastic dominance, historical VaR, Management. Industrial management, HD28-70, Business, HF5001-6182
الوصف: This research examines the performance of the Islamic stock portfolio (ISP) and conventional stock portfolio (CSP) for the five industrial sectors and market in Malaysia. The capital asset pricing model statistics indicate that the ISP provides a higher return with a lower systematic risk compared to the CSP in different sectors; however, the ISP and CSP perform equally in the market. The non-parametric stochastic dominance approach reveals that the ISP is better than the CSP for portfolio return without considering the riskiness for all sectors except properties; further, the ISP outperforms the CSP under the market condition. Economic significance analysis identifies that the expected financial loss of the ISP is lower than that of the CSP in all sectors other than properties; the anticipated financial loss of the ISP is significantly less than that of the CSP in the market situation. The overall findings imply that the risk-sharing ISP is superior to the risk-bearing CSP for better returns at the sector as well as the market level.
نوع الوثيقة: article
وصف الملف: electronic resource
اللغة: English
تدمد: 2199-8531
Relation: https://www.mdpi.com/2199-8531/6/4/178; https://doaj.org/toc/2199-8531
DOI: 10.3390/joitmc6040178
URL الوصول: https://doaj.org/article/999ee4f8c4c34a70902abc2d5078faea
رقم الأكسشن: edsdoj.999ee4f8c4c34a70902abc2d5078faea
قاعدة البيانات: Directory of Open Access Journals
الوصف
تدمد:21998531
DOI:10.3390/joitmc6040178